Indiana Code § 9-27-6-9

Licenses; expiration; fees; refund; deposit of fees
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Sec. 9. (a) A license issued under section 6 or 8 of this chapter expires on the last day of the fiscal year in even-numbered years and may be renewed upon application to the bureau.       (b) The fee for a license issued under section 6 or 8 of this chapter must be prescribed by rule under section 11(1) of this chapter.       (c) A license fee may not be refunded if the license application is rejected or the license is suspended or revoked.       (d) A license fee collected under this section shall be deposited in the motor vehicle highway account fund established under IC 8-14-1 .

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